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Asian Paints Q1 Results Review - Multiple Headwinds In FY25: ICICI Securities

With limited scope for margin expansion and likely market share decline, the brokerage believes there are multiple triggers for contraction of valuation multiples.

<div class="paragraphs"><p>Variou paints on a brush. (Photo: David-Zieglgansberger /Unsplash)</p></div>
Variou paints on a brush. (Photo: David-Zieglgansberger /Unsplash)
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